Goldman Sachs – one of the world’s leading financial services firms – has decided to leave the Climate Action 100+ Network (CAN), a group dedicated to “fight the climate crisis and to achieve social justice.”
This group has grabbed the attention of Republicans in the House Judiciary Committee who described the organization as a “cartel” that looks to enforce action from corporate greenhouse gas emitters. Representative Randy Weber (R-TX), especially after Goldman Sachs broke ground on their new Dallas campus earlier this month, echoed this concern.
Rep. Weber called out Climate Action 100+ and its affiliation (or lack thereof) with China as it accounts for nearly 30% of global emissions. The Texas congressman stated that the action group is more worried about its “anti-capitalist agenda” than the environment itself.
“It's clear to me that Climate Action 100+ is missing a key player in the fight against global emissions: China, the world's largest polluter,” said Rep. Weber. “When you think about it, their focus on ‘corporate’ greenhouse gas emitters seems to conveniently sidestep state-owned enterprises, which in China's case, make up the bulk of the problem. This makes me wonder if Climate Action 100+ is less about addressing real environmental concerns and more about pushing an anti-capitalist agenda.”
However, according to CAN’s website, it does have state-owned companies on its roster including China Shenhua Energy Co., Ltd. and China Petroleum & Chemical Corp. (Sinopec) and others.
Regardless, Rep. Weber blasted CAN for losing Goldman Sachs, describing its departure as s shift in tone from companies that are changing tune from “woke” strategies, despite Goldman Sachs possibly holding “anti-Texas” views within the organization.
“As for Goldman Sachs stepping away from this group, I can’t help but see it as a sign that even Wall Street is waking up to the reality of ‘Go Woke, Go Broke.’ Maybe they’re starting to realize that their shareholders won’t stand for this nonsense,” said Weber. “Now, while Goldman Sachs might still harbor some anti-Texas views—like their disregard for the 2nd Amendment—I’m hopeful that their move to Dallas will help them embrace the values we hold dear here.”
Finally, the Texas Congressman said it’s “about time” Wall Street acknowledges the wishes of residents of the Lone Star State.
“In Texas, we’re proud of our oil, gas, and our guns, and it’s about time these Wall Street elites learn to respect that, instead of trying to impose their coastal ideals on our great state,” concluded Weber.
Randy Weber serves Texas’ 14th Congressional District.
